Reported about 23 hours ago
Indonesia is set to issue a significant amount of bonds to fund President Prabowo Subianto's public housing program, with support from the central bank for buying the bonds in the secondary market. The bond sale aims to enhance the government's home ownership loan facility amid concerns from investors about the implications of monetizing debt. The finance ministry is also reallocating funds and lowering reserve requirements for banks to boost liquidity for housing loans, contributing to Prabowo's ambitious goal of building 3 million homes per year.
Source: YAHOO